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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: Marshall who wrote (8749)3/28/1997 12:50:00 AM
From: brent hyatt   of 28369
 
Marshall:
Regarding the article, it was a couple of days ago. If you'll remember, when this first hit, it was pooh-poohed by Freeport and Bre-x as "misinformation". Freeport didn't deny it, they just said no comment while there was ongoing drilling. I don't know how high up the particular Mining Minister was, as the article was a little vague.
Whether there is gold there or not, Bre-x is probably history. There will be a nice joint venture between Freeport and the ever honest Indo government. Hopefully, any junior finding a large strike in the future in Indonesia will down play the size to a couple of million ounces if they know what's good for them.
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